On March 26th, Take-Two Interactive announced the creation of a 180-day shareholder's rights agreement -- or poison pill -- in order to ward off Electronic Arts' hostile tender offer. 180 days have now elapsed, and with the threat/benevolent offer of EA ownership behind them, the board has today followed through with its original promise to [...]
Continue reading...Wednesday, September 17, 2008
With a rumor swirling around our fair internet this morning that Google was preparing to buy Valve "any second now," the speculators at The Inquirer certainly had the games industry in a tizzy. The games media, in turn, did their homework, and Valve's Doug Lombardi denied such rumors to several sources in no uncertain terms. [...]
Continue reading...Sunday, September 14, 2008
With FTC approval in place, the ever-rejected tender offer dropped and friendly negotiation finally underway, it seemed that all the hurdles had been cleared for game software giant Electronic Arts to acquire Take-Two Interactive. But it appears that this time, it was EA's turn to walk away from the bargaining table. Today, EA issued the following [...]
Continue reading...Thursday, September 4, 2008
On Friday, Square Enix announced their intent to purchase a majority stake in Tecmo, giving the floundering Ninja Gaiden and Dead or Alive publisher until September 4th to approve or reject an offer of 920 yen per share, a 30% premium over their stock's trading value at that time. Today, Reuters reports that Tecmo has [...]
Continue reading...Friday, August 29, 2008
Call us crazy, call it coincidence, but it's not looking good for game companies whose names begin with the letter T. THQ's flagging fortunes have continued despite the company's new directions; they lost $27 million just last quarter. As I'm sure you're well aware, Take-Two will likely be purchased by EA. Traveller's Tales, Treyarch and [...]
Continue reading...Monday, August 18, 2008
Holy sweet mother of Strauss Zelnick! Is it the Ragnarök? Does this spell the end for all mankind? Probably not, but this may actually spell the end for one of the industry's longest-running potential takeovers. EA announced this morning that they would be allowing their longstanding tender offer for shares of Take-Two Interactive to expire [...]
Continue reading...Friday, August 1, 2008
Apparently, when Activision Publishing said they were "realigning staff" at High Moon Studios and Radical Entertainment, they didn't necessarily mean it as a euphemism. In Activision's Q1 conference call yesterday afternoon, Publishing CEO Mike Griffith announced that both Radical and High Moon will be added to the company's development studio line-up: In terms of studios, our [...]
Continue reading...Thursday, June 19, 2008
February 22nd. April 11th. May 16th. June 16th. July 18th. What do these disparate days have in common? They're all seemingly arbitrary 'expiration dates' by which Take-Two or its shareholders had to either fork over the company to Electronic Arts in exchange for $25.74 per share, or risk the unthinkable -- a one-month extension. CNET [...]
Continue reading...Tuesday, May 27, 2008
Only a month after announcing its existence, the casual games publisher GreenScreen Interactive Software has been acquired by Mandalay Media. No details about the terms of the acquisition are available at this time, but it appears as though Mandalay Media has been expanding the company's interests in interactive entertainment recently. Mandalay purchased a mobile games [...]
Continue reading...Tuesday, May 20, 2008
We all know that game companies are acquisition happy. Take a look at EA and their ongoing courtship with Take-Two, if you need a reminder. Then, over on the continent (by which I mean Europe), Infogrames recently sought to buyout SCi. It turns out that the Americans and the French aren't the only covetous people [...]
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Monday, September 22, 2008
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